03-20-2014, 12:05 AM
Plan all along was to feed XOM expansion and host a 2nd LNG Project, netting IOC equity in both LNG projects.
PRL15 contained too much gas for IOC's approved Gulf LNG scheme to process. XOM wanted just expansion, TOT wanted just new standalone project, Gov't always wanted both. And now with OSH and Gov't in PRL 15, we get both plants if current and recertification drilling prove up as predicted by GLJ and GC.
PRL15 contained too much gas for IOC's approved Gulf LNG scheme to process. XOM wanted just expansion, TOT wanted just new standalone project, Gov't always wanted both. And now with OSH and Gov't in PRL 15, we get both plants if current and recertification drilling prove up as predicted by GLJ and GC.